Jim Cramer calls Jon Stewart "naive" to attack the media on CNBC's coverage. What about his support for Lenny Dykstra?
By John Amato Thursday Mar 19, 2009 2:50pm
Please support our drive to Fix CNBC and sign the petition. Jim Cramer finally commented on his much talked about appearance on The Daily Show after he was left sitting there, almost teary eyed and speechless when he was confronted by Jon Stewart face to face. His remarks on The Today Show just underscored how out of touch this man is and what lengths he'll go to distort the truth. (rough transcript)
Viera: ...you guys had been cheerleaders for the financial bubble, that you had also allowed CEO's to come on the shows and essentially lie to the American public without really challenging them. I don't want to rehash the whole thing, but did he have a point?
Cramer: I don't think so.
Viera: Not on any of this?
Cramer: Well I think it was a naive and misleading thing to attack the media. We weren't behind this. CNBC in particular has been out front on this"
Viera: So you don't think the media bears any responsibility, Jim?
Cramer: I think there are people that bear so much more responsibility that it's just wrong headed...
Sure, there were a lot of parties responsible for the meltdown of the economy, but that doesn't absolve the news media for turning a blind eye to it, Mr. Jim. Meredith Viera really asked the right questions so good for her and as Cramer bashes Jon Stewart I would like to ask this. Why was he such a coward on the Daily Show when he had the chance to confront Stewart?
Comedy Central makes a good point in there piece : Jim Cramer Attacking Jon Stewart Again From a Safe Distance.
Since Cramer became so outspoken about CNBC's role in the financial crisis, he and Rick Santelli are becoming the poster boy's for it, but Cramer has another huge credibility problem and his name is Lenny Dykstra. Cramer has a lot of juice in the Wall Street world and he promoted Lenny Dykstra like no other. On HBO he said this:
So much so that Lenny was posting his stock picks on The Street. Well, it's now being revealed that Dykstra is possibly a fraud.
(I've jumped around in the text that I quoted.)
Day trading deity Jim Cramer crowned him "One of the great ones in this business." Fortune magazine gushed for six pages over the "fledgling guru" of investing. HBO referred to him as a "prominent, remarkably successful stock investor."
The subject of this breathless coverage is Lenny Dykstra, a former New York Mets and Philadelphia Phillies outfielder who claims a 90%-plus return picking stocks each of the last three years. Yet a close look at Dykstra's portfolio raises doubts about whether the baseball All-Star turned TheStreet.com (nasdaq: TSCM - news - people ) guru has been picking many of those stocks or relying on a seasoned stand-in.
Ending his major league playing days in 1996, Dykstra says he handed his savings to a Wall Street broker who lost half of it when the market melted down a few years later. Dykstra was determined to start making his own investment calls and dove into the pursuit the same aggressive way he played baseball, following 30 investment newsletters at a time. In 2003 he began e-mailing CNBC money mouth Jim Cramer, who added Dykstra to TheStreet.com's stock-picking roster. Soon Dykstra was a financial talking head on Fox News and other channels.
Another reason Doubledown might have gotten cold feet about publishing Dykstra's investment gems is buried on page 15 of its countersuit. There, Doubledown claims, "At Dykstra's insistence, Doubledown began negotiations to pay Richard Suttmeier, a stock analyst, to provide Dykstra with research assistance for the Dykstra Report and who, upon information and belief learned subsequently, provided Dykstra lists of recommended stocks daily."
Who is Richard Suttmeier? A market strategist for financial Web site RightSide Advisors and formerly a contributor to RealMoney.com, a subscription Web site owned by TheStreet.com.
Suttmeier, 64, says he got his Wall Street start trading Treasurys in the 1970s. He later bounced around second-tier investment banks and landed at RightSide in 2006.
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Suttmeier says that after he did a television appearance several years ago he received a call from Dykstra. "He wanted to learn how to read a [stock] chart," Suttmeier says. "I taught him."
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Dykstra, who speaks in a slow drawl and now sports a hefty paunch, likewise denies that Suttmeier is picking his stocks. "It's a bald-faced lie. Not even close," he says during a brief interview.Not even close? FORBES compared Dykstra's buy recommendations as they appeared on TheStreet.com from Apr. 1 through May 1 with those in Suttmeier's weekly Sector Report during the same month and before. Among Dykstra's 17 buys, 11 had appeared days earlier in Suttmeier's newsletter ( see table)...read on
You have to read this entire piece. And there's another article about him that's unflattering to say the least:
There's much more at Men.style.com.gq: YOU THINK YOUR JOB SUCKS? TRY WORKING FOR LENNY DYKSTRA
Jim Cramer wants to call Jon Stewart "naive" for attacking him and CNBC then what is he for promoting Lenny Dykstra? I think "naive" would be the wrong word to use, don't you?
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Buy Bear Stearns, buy AIG...
... Naive?
.
are we really going to pile on this cramer chracter and his network. i enjoy a cold tankard of schadenfreude as much as any one, but this is luke warm. anyone who didn't start taking serious precautions when the glass-steagal act was repealed was forgetting eighth grade history. let's pillory gramm, leach and bliley, not "pecky the stock pickin' chicken"
Cramer deserves it. He cowers and looks all chagrined on TDS and then blatantly insults Stewart on another show. He's a bald head liar and a sniveling, hypocritical, propagandist snake oil salesman.
Worst of all? He's a coward.
I've linked to this before and will again:
http://www.deepcapture.com/the-story-of-deep-...
Y'all are missing the import of this character's duplicity.
Now that your not under pressure and had time to think long and hard about some kind of defense. Sure Cramer is chump change in the scope of things, but he really asked for the hammer to fall on him. If he just kept his mouth shut it would have died but he just couldn't.
The NBC family of networks were smart in trying to let the Stewart humiliation die a quick death, but Cramer's enormous ego just couldn't let sleeping dogs lie. Apparently, he has forgotten that he got his ass royaly handed to him and that the viewers have not forgotten his most public humiliation.
My advice to Cramer? Shut the fuck up!
It's not like he did this stuff for a living.
I mean, it's not like he's a financial journalist.
Cut the guy some slack. He's a comedian./
I almost feel sorry for the poor schlub.
Naaaaaaaah, not me anyway!
Same here!
a lying sack of shit.
And he took it...kinda licked it up, it seemed to me...showed his belly
Like a whipped cur...
Now he's snarling 'round inside his own kennel like he did something big...
period.
In the safety of sympathetic media, Cramer once again opens his arrogant yapper to try and save some face after Stewart showed him to be the fraud that he is.
If were Cramer, I would be laying low and hoping to NOT have another dustup with Stewart again. I am 120% certain that Cramer would get reamed yet again.
Cramer, you should have paid attention to the very enthusiastic applause the TDS audience gave when Stewart reamed you. There's a long list of people who would love to see you even further humiliated and cut down to an ever smaller size. There's a hell of a lot of people who'd like to see sent up the river too!
It's so obvious from his body language and the way he talks that Cramer is a weak, cowardly little man.
"the fundament of what we all as journalists try to do"
So that's where Cramer's head is at -- his fundament.
but he "takes the high road."
Fuck off, pathetic weasel. Give your job to someone who needs it and can do it then!
Stewart was attacking the hedge fund known as CNBC whose unfortunate current figurehead is Cramer.
Cramer On Verge Of Tears Over Spitzer
>>> http://www.youtube.com/watch?v=BKIzUlL8ork
Just another "HEDGEHOG"!
Cramer obviously has some issues to deal with.
ps, I've been quite impressed with Meredith lately.
He's a Pussy.
.
Clown pussy.
I don't like this gas bag, Cram'r. He can cram his fake "I'll do better" bullshit up his ass.
It's Not 'The Media.' It's the assholes running the media show that spread all the lies you were allegedly told, Cramer.
And you were so good in the field for which you were trained, naturally we should believe you're just spot on when it comes to analysing criticism of the media, the vehicle for your info, your paymaster.
Webster's defines naive as unsophisticated and unworldy. That seems to describe not just cramer but all the conservaturds disconnect with the damage they've done, and the anger Americans feel.
His first dictionary defined oats as something you feed horses and Scotsman, and you can see which takes precedence.
it's time that these assholes like cramer and santelli
be held accountable for their buy/sell advice. if you lose
money on either a buy or sell that you take the advice of
these guys, then you should file a law suit and just maybe
if enough of you do, then one or more of those out
for profit lawyers will represent you and the others
and file a case action lawsuit. if enough people file
suits, the costs to cramer and/or santelli will put them
out of business or the stations that back them will
find supporting them toooooooo costly.
just a thought.
Cramer: Well I think it was a naive and misleading thing to attack the media. We weren't behind this. CNBC in particular has been out front on this
Well I think it was a naive and misleading to pay heed to anything broadcast on CNBC
dude's a boob
It's journalism in general in this cable news
environment. The repeal of Glass Steagal should have been on the headlines for months.
He did a fawning piece about Lenny Dykstra on Real Sports with Bryant Gumble last year. It was real ass-kissing stuff, too. Watching it, I knew that something didn't smell right.
rut roh! More ammunition for Stewart. I love it!
I think Cramer is scarred shitless he is at least going to lose his job and maybe even get sued.
and it ain't good.
*
sorry here's the link:
http://men.style.com/gq/features/full?id=cont...
Cramer kinda looks like Louis CK.
Erin Burnett has a weirdly shaped body.
This chest thumping macho man talks big on his turf but when confronted off his turf turns into a snivelling coward. Good on Stewart for knowing how to handle bullies. Give them some of their own medicine.
Cramer is addicted to the crack of his big salary, outsized ego and actually thinks he is some financial prophet. He is just like all the other hacks on CNBC---self centered Midases obsessed with money and profit.
A total hack.
Very simply Cramer. STFU, you hack.
If you really want to read about Cramer and what hes really about:
http://www.deepcapture.com
I'm sure its been posted here before, but its quite the interesting read.
You don't know when to shut up, Cramer. In today's climate, do you thinking you're doing yourself any good? Not only are you a buffoon, minus the fart founds . . . now your a GUTLESS buffoon, minus the fart sounds. Who the hell is advising you?
....he'd invite Jon Stewart onto his show.
I'll not hold my breath.
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